xG Studios closes $600K Seed Round with Launchpool Labs in project for real-world athletes to earn web3 rewards
London, England, Monday 16th May 2022
We are very pleased to announce that we have closed our Seed Round with $600k successfully raised in Launchpool Labs’ first cohort incubator program.
The Seed Rounds were led by Launchpool Labs, Alphabit Fund and individual investors.
xG Studios joined the Launchpool Labs incubator program in January 2022 and received strategic, community development and technical support over an intensive development program for startups in the blockchain sector.
Launchpool CEO Richard Simpson says, “xG Studios is an exciting new project in this new space of generating web3 rewards from in-real-life activity. These types of projects are increasingly well-regarded by the Launchpool community, so it is no surprise to me that the seed raise was a success even in these difficult times. Everyone is excited to see xG grow and go from strength to strength.”
Jim Harrison xG Co-Founder said: “Sedentary lifestyles are a problem, so we’ve developed xG as a web3 platform that incentivises sporting activity by rewarding in-real-life (IRL) participation and performance with personalised NFTs and tokens. If you score a goal or run a 10k in a league or event where xG is active — you’ll get a personalised NFT Reward in a gamified collecting experience.’
Neil Cole, xG Co-Founder added: “Following the Seed raise, we’re now able to accelerate development of the xG platform. Our smart contract is now on Flow Mainnet, our first POC events are in the pipeline, and we can now focus on developing the xG user experience and our partnership strategy.
About xG
xG is a web3 platform that incentivises sporting activity by rewarding in-real-life participation and performance with personalised NFTs and tokens in a gamified collecting experience — built for the next generation of athletes who value digital assets and express their identities online. xG is being built on Flow.
For more information: www.xgstudios.io
Contact: info@xgstudios.io
About Launchpool Labs
The Launchpool Labs incubator is part of the broader Launchpool Ecosystem, along with Launchpool’s regulatory compliant pre-IDO guaranteed allocation platform and Launchpool Web3 Techstars Accelerator program with Alphabit Fund.
Contact: Launchpool PR team : pr@launchpool.xyz
